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Practice Case Examination
Aqua Fish Canada Inc. (AFC) Additional Information
May 2007 to April 2009 Update Over the past two years, AFC has faced more intense competition, particularly from aquaculturists in Chile. In addition, Chilean output has increased the supply of salmon and the Canadian dollar has strengthened in relation to the U.S. dollar. As a result, AFC has been unable to meet its budgeted revenue targets. Stocks of unsold harvestable fish have increased, as well as the corresponding cost of maintaining the fish, and the company barely made a profit in fiscal 2009. In January 2009, AFC lost one of its largest retail customers, S&F Seafood, to a new salmon aquaculture firm, Nu-Farm Inc. This new
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Guy Mills provided the board with a summary of selected site and segment data (see Appendix 1), and reported that the decreased profits in 2009 were caused by the Site 3 problems, the decrease in market value, the strengthening Canadian dollar versus the U.S. dollar, and the increased feed costs. He also indicated that he expected the four sites to yield an average of 3.8 million kilograms (950,000 kilograms per site) of harvested fish per year, assuming that no further unusual losses were incurred. Given the current market conditions and the risk of having to decrease prices or lose export sales to the U.S., the board decided that the company should move into other markets and diversify into shellfish farming. No dividends would be paid for the next year or two to free up some cash to invest in new projects. The board directed Mills to investigate establishing shellfish aquaculture sites and develop a business strategy for increasing the profitability of the current salmon operations. They indicated that any proposed investment should generate a minimum after-tax return of 10% within five years. Shellfish Aquaculture Opportunity Mills explored opportunities for diversifying into shellfish aquaculture. He found two potential opportunities (a mussel farm and an oyster farm) and wondered which one should be pursued or whether both should be pursued. A summary of the costs and yields for establishing these farms is provided in
Kalastaa Inc. have been in the local Finnish aquaculture industry for nearly fourteen years. They
Neptune Gourmet Seafood is facing two major issues – an excess inventory problem and shrinking
Aquaculture can be defined as farming of aquatic organisms such as fish, crustaceans, molluscs and aquatic plants both in freshwater and saltwater. It has a wide range of ownerships from small family business to multimillionaire global industries.1It provides many job opportunities throughout the world. As an example Canadian aquaculture industry valued $ 5 billion Canadian dollars provides more than 130 000 jobs only in Canada.2Accelerated growth of aquaculture causes series of problems to both human health and environment.3Most bacterial species resides both in animals and well as in human will pathogenic to both. transfer of pathogens between the two host species is a common situation for most organisms.4 Most of the developing country aquatic farms are non-hygienic and stressful. This will lead to an increase of bacterial infection among most aquatic species. As a preventative and curative method farmers mix a huge amount of antimicrobial products with the aquatic feed.5 Since aquaculture is a global industry, Implemented laws and regulations are different from country to country. It is very difficult to implement global regulations relating to antimicrobial use.1
Fishing can bring you a sense of peace and keep you physically fit. You don't have to be rich to participate in the sport, but you do need certain gear. From a fishing rod to extra bait, here is a list of the things you'll need if you want to start participating in this fun sport, or if you want to get your children into fishing. http://www.huffingtonpost.com/2014/09/06/benefits-of-fishing_n_5754408.html
Yorktown Technologies is a fairly new company that is marketing and introducing GloFish into the market. In 2002 Yorktown raised $500,000 fro investors under the projection that it would have $4,000,000 in profits in 2004. Sadly the company only had $500,000 in revenues and had an outstanding $620,000 in expenses leaving the company $120,000 in the red (Roger A. Kerin, 2010). Alan Blake of Yorktown Technologies is searching for what to tell the board of directors in the next board meeting. Major changes are needed in order for Yorktown to turn around and become profitable.
New England Seafood Company is a leader in the northeastern United States in harvesting and processing seafood. The company’s senior executives believe that there must be a change in the corporate strategy to maintain their competitive advantage, as foreign producers are affecting their current yields. Currently, New England Seafood Company operates in the Atlantic Ocean and Gulf of Mexico dealing exclusively in saltwater fish. Management feels that a move into the freshwater fish sector will provide the company with a new directive and future stability.
There is a relatively new movement that parallels the growing availability of information and technological advances. This movement is for open access to federal research results, scholarly articles, peer-reviewed journals, and the ability to publish and distribute freely without censorship. Currently those research programs funded by the federal government sit in a purgatory between allowing full access to the information generated, and the censorship of results based of bureaucratic decisions. This phenomena is world wide however, this essay will focus of the specific issue relevant to Canada. This movement to open access shows the changes in relation to the bureaucracy and federal system currently. While there are valid security threats with open access, the citizens in our state have a right to access information generated by the government they pay taxes to. This new age of technology allows access to information instantaneously and along with that comes the danger of misinformation, misrepresentation, and changes the dynamic between the government and population governed. The benefits can be seen relative to the Canadian fisheries example that will be discussed. Furthermore through the increased availability of accurate sources creates the opportunity for an involved, informed public. The trend toward open access to research results funded by the government alters the current relationship between state and citizens; to the extent it creates a more contemporary form
On 2nd of July, 1992, the Canadian government imposed a moratorium on the Northern cod fishery along the country's east coast.
The world’s largest food fishery is on the verge of collapse. Pollock, used to make McDonald’s fish sandwiches,
The availability of seafood in Canadian and Argentinean waters is also dependent on the total allowable catch allocated to Clearwater in a given area. Although the totals allowable catch in these areas and Clearwater 's enterprise allocations have been largely stable, fishery regulators have the right to make changes in the total allowable catch based on their assessment of the resource from time to time. Any reduction of total allowable catches in the areas from which Clearwater sources seafood, or the reduction of stocks due to changes in the environment or the health of certain species, may have a material adverse effect on Clearwater 's financial condition and results of operations.
To many people are dying due to fishing. Canada has to make fish industries less deadly. Fishing industry has cost about 190 Canadian lives since 2000 and it has to improve its culture of safety, the Transportation Safety Board. The causes of fatalities in the fishing industries is that most fishers decide to fish when the weather is in or is going to be in a bad condition, workers have to fish in those conditions because they need the money or they are behind in their quota for the year. Also, sometimes the vessels do not carry a distress communication device. “In Canada, falling overboard is the second highest cause of fatality in the fishing industry,”. “The safety of fishermen will be compromised until the complex relationship and inter
There are many ethical arguments surrounding aquaculture. The salmon industry in the United States has many ethical concerns in relation to farmed salmon. This paper will first discuss the salmon industry, then discuss specific ethical issues facing farmed salmon, and finally review any laws, regulations or relief efforts in place to reduce these ethical concerns, or that aggravate these concerns.
A. Executive Summary: Neptune Gourmet Seafood is currently struggling with what appears to be a temporary problem of excess inventory. A combination of new coastline regulations and an investment in new fishing vessel technology and freezer trawlers has increased their average catch size while demand in the current segment has not grown as quickly. The Neptune management team is faced with a decision of how to clear out its excess inventory that is not moving fast enough under its Neptune Gold branding. My recommendation is to launch a mass-market product under a different product line in order to monetize excess inventory and position Neptune to capture more of the North American seafood market share. Going forward
Canadian cat food market showed arising opportunity in 1987. B.C. Packer, the famous market leader in both canned salmon and tuna provider was considering the possibility of entering the Canadian cat food market, in order to get more profit from its by-product instead of just cover its cost by selling commodity bulk of fish meal. Therefore, a study with detail analysis based on all the information
Integrated Aquaculture Specialist Incorporated, INTAQ for short, is a private limited company, which started off as Ram Aquafeed Corporation in 1987. From 1988 to 1994 there have been many expansion projects including the construction of a shrimp hatchery in Liloan, Cebu and grow out farms in Barili, Cebu and in Bacolod, Negros. Eventually, in 1997 Ram Aquafeeds Corp. was renamed into Integrated Aquaculture Specialist Incorporated to better reflect a fully integrated aquaculture company. Due to the financial crisis in 2007 and appreciation of the peso, the company decided in 2007 to open a new division, the seafood distribution for the domestic market. The products of the seafood distribution division of INTAQ include